Martha Lake, WA Cost of Living

Martha Lake cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

A general summary of the cost of living index in Martha Lake, WA is shown above. Compared to the state average of Washington the cost of living index in Martha Lake, WA is 126, which is 9% higher than the average in Washington and compared to the national average it is 26% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Martha Lake, WA goods and services come in at equal to the average in Washington and are 6% higher than compared to the nationwide average.

Did you know?

The cost of living in Martha Lake is 9% higher than the Washington average.

The cost of living in Martha Lake is 26% higher than the national average.

The cost of housing in Martha Lake is 70% higher than the national average.

Washington general sales tax is 28% higher than the national average.

Washington state income tax is 100% lower than the national average.

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Compare Martha Lake, WA Cost of living To Other Cities

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

Using the salary calculator lets you compare the salary you earn in Martha Lake, WA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Martha Lake, WA, you have to earn a higher income in order to still have the same standard of living. To operate the Martha Lake, WA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$86,559

$7,213

$2,020

$2,597

Renters

$59,917

$4,993

$1,398

$1,798

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Martha Lake, WA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Martha Lake, WA has a median income of about $86,559 for people who own homes. Based on that number, a person should spend a maximum of $2,020 on expenses related to housing. Renters have a slightly different median income, which is $59,917. Based on this average, renters should spend no more than $1,398 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Washington Sales Tax

State

General Sales Tax

With Max Surtax

Washington

6.5%

9.6%

Washington Income Tax

State

Income Tax (Low)

Income Tax (High)

Washington

0%

0%

When assessing the complete cost of living in Martha Lake, WA, the Washington income tax and the Washington sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Washington maximum surtax is 9.6%, and the Washington sales tax is 6.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Washington.

Goods & Services

Item

Martha Lake

National avg.

Difference

Haircut

$16.75

$15.56

7.6%

Beauty Salon

$39.71

$36.11

10.0%

Toothpaste

$2.60

$2.47

5.3%

Shampoo

$1.09

$0.96

12.6%

Movie

$11.93

$10.13

17.8%

Bowling

$4.30

$4.74

9.2%

Groceries

Item

Martha Lake

National avg.

Difference

Ground Beef

$3.76

$3.98

5.6%

Fried Chicken

$2.43

$1.41

72.8%

Milk

$1.95

$2.06

5.5%

Potatoes

$3.53

$2.98

18.3%

Pizza

$10.21

$9.47

7.8%

Beer

$9.14

$8.79

4.0%

Health Care

Item

Martha Lake

National avg.

Difference

Optometrist

$139.95

$101.04

38.5%

Doctor

$148.81

$107.44

38.5%

Dentist

$115.96

$90.42

28.3%

Ibuprofen

$10.70

$9.28

15.3%

Lipitor

$427.75

$426.50

0.3%

Housing

Item

Martha Lake

National avg.

Difference

Home Price

$314,800.00

$175,700.00

79.2%

Avg. Mortgage Payment

$1,505.16

$1,133.23

32.8%

Apartment Rent

$1,362.00

$920.00

48.0%

Transportation

Item

Martha Lake

National avg.

Difference

Gasoline

$2.33

$1.99

16.9%

Tire Balancing

$50.47

$45.76

10.3%

Utilities

Item

Martha Lake

National avg.

Difference

All Electricity

$139.21

$163.81

15.0%

Phone

$26.68

$28.39

6.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.